Complete financials and Management’s Discussion & Analysis (MD&A) will be posted today on SEDAR at www.sedar.com and on Tahoe’s website at www.tahoeresourcesinc.com.

Results for 1Q 2012 include:

• Cash and cash equivalents on March 31, 2012 total $318.5 million.
• For the three months ending March 31, 2012, the Company reported a loss to common shareholders of $21 million or $0.15 per share,
• Operating activities reported a net cash outflow of $23.8 million compared to $9.5 million in the same quarter of 2011. Committed costs for the project as of March 31, 2012 totaled $166 million of which $104 million (capitalized and expensed) has been spent through March 31, 2012.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. The Company is listed on the TSX under “THO” and on the NYSE under “TAHO” and is a member of the S&P/TSX Composite and TSX Global Mining indices.

# # #

All figures in U.S. Dollars

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to as “forward-looking information”). Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s strategy to develop the Escobal project and for positioning the company as a whole. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s current AIF available at www.sedar.com.For further information, please contact:

Tahoe Resources Inc.
Ira M. Gostin, Vice President Investor Relations
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Download the News Release (PDF)

50% Growth in Indicated Resource Fuels PEA for Expansion

VANCOUVER, B.C. (May 7, 2012) – Tahoe Resources Inc. (TSX:THO) is pleased to announce the completion of a new National Instrument (NI) 43-101 compliant resource estimate and an independent Preliminary Economic Assessment (PEA) for its 100% owned Escobal project in southeastern Guatemala. The PEA describes production expansion scenarios from the current 3,500 tonne per day (tpd) scenario 4,500 and 5,500 tpd underground mine plans which are anticipated to produce metals concentrates with very high silver content.

Highlights

• 50% increase in Indicated silver resource to 367.5 million ounces (Moz) at an average grade of 422 grams per tonne (g/t). Indicated silver grade falls 16% to 422 g/t, reflecting the growth of the Indicated segment of the resource. A total of 91% of all resource silver ounces is now in the Indicated category.
• The inferred silver resources amounts to 36.7 Moz at 254 g/t average grade.
• In addition to increased throughput, the mine life grows from 18 to 19 years.
• The 3,500 tpd capital expenditure (capex) estimate remains at $326.6 million.
• Capex for expansion: It is estimated that $46 million will be required to expand the operation to 4,500 tpd by 2017 and that an additional $33 million will be required to expand to 5,500 tpd by 2020. All capex is expected to be financed by our current cash balance and projected future cash flow.
• Incremental after-tax IRR for the 4,500 tpd and 5,500 tpd expansion is estimated to be 37% and 45%, respectively, at a silver proce of $25.00 per ounce.
• After-tx NAV of the Escobal project is estimated to increase by 7% to 2.99 billion.

“We are very pleased to see the projected NAV growth for the project. This comes from the larger resource and project expansions, offset by higher tax and royalty rates established in Guatemala this year, plus impacts of increased benchmark smelting terms associated with high silver prices,” said Tahoe President and Chief Executive Officer Kevin McArthur. “Escobal is quickly becoming one of the top silver projects in the world. With estimated production of over 20 million ounces of siler per year for over ten years and estimated total cash costs of less than $5.00 per silver ounce, Tahoe will be a leader in silver when we begin production, expected early in 2014. We estimate that we have sufficient cash to fully finance the project, which is currently on-budget and on-track to meet our proposed mill commission in the second half of 2013.”

Updated Mineral Resource Estimate
The Escobal vein has been drilled along a strike length of approximately 2,200 metres and a vertical extent of 1,000 metres. The resource estimate was updated by Mine Development Associates (MDA) incorporating data from approximately 23,000 samples from 350 diamond drill holes totaling 121,639 metres.

The mineral resource estimate for the Escobal deposit contains 367.5 million ounces of silver in the Indicated category representing a 50% increase in Indicated silver ounces relative to the November 2010 resource estimate, and 36.7 million ounces of silver classified as Inferred, with significant amounts of gold, lead and zinc reported in both resource categories. What follows is a summary of the Indicated and Inferred resources, using a cut-off grade of 150 g/t silver equivalent:

MDA modeled and estimated the Escobal deposit resources by refining the geologic model, evaluating the drill data statistically, interpreting mineral domains on cross sections and level plans, analyzing the modeled mineralization statistically to establish estimation parameters, and estimating silver, lead, gold, and zinc grades into a three-dimensional block model using inverse distance cubed (ID3). In addition, they carried out verification procedures of the data going into the model.

The silver equivalent Indicated resources total 429.7 Moz at an average grade of 493 g/t and silver equivalent Inferred resources totaled 44.7 Moz at an average grade of 309 g/t. Calculation of silver equivalent is based on $25 per ounce silver, $1,300 per ounce gold, $0.95 per pound lead, and $0.90 per pound zinc.

Preliminary Economic Assessment

Mining & Processing

The Escobal project is based on an underground mine utilizing low-cost development and production methods, a processing plant employing crushing, grinding and differential flotation to produce lead and zinc concentrates, and a dry-stack tailings facility. Initial production, estimated to begin in 2014 at 3,500 tpd and ramped up to 4,500 tpd over the first three years of production, provides an economic benefit over the 3,500 tpd project defined in the November 2010 PEA. Analysis in the new PEA demonstrates that expansion of the processing facility to 5,500 tpd by 2020 provides additional economic benefit. The PEA concludes that expansion above the 4,500 tpd rate would benefit from ongoing exploration to further define appropriate capacity increases. The May 7, 2012 PEA describes the economic analysis of the two expansion cases.

The mine is being developed via two primary declines for the transportation of personnel, equipment, and materials, as well as transport of the mined resources to the surface for processing. Additional primary development will include two ventilation shafts and drifts connecting the primary declines. The primary declines will also serve as platforms for exploration and definition drilling.

It is estimated that over the life of the mine a total of 29.8 million tonnes at average grades of 383 g/t silver, 0.38 g/t gold, 0.62% lead, and 1.10% zinc, will be delivered to the mill for processing. This includes estimated dilution of 4.7 million tonnes at an average grade of 71 g/t silver, 0.12 g/t gold, 0.10% lead, and 0.22% zinc. A mine wide cut-off value of 150 g/t equivalent silver has been determined as optimal for the operation and approximately 95% of the resource above this cut-off is planned for extraction in the mine plan.

Mineral processing will use differential flotation to produce lead and zinc concentrates for sale to third-party smelters. Test work completed to date on the sulfide resources demonstrates recoveries of 87% for silver, 75% for gold, 83% for lead, and 83% for zinc, with the majority of precious metals reporting to the lead concentrate. Based on current test results, the lead concentrates are expected to contain very high levels of silver, between 15,000 and 30,000 grams per concentrate tonne, with very little in the way of penalty elements. Concentrates will be bagged and delivered to port in sea containers.

Average total cash cost is expected to be less than $5.00 per silver ounce over the mine life, net of gold and base metal by-product credits.

Capital Costs

Capital costs for the Escobal project include all project costs commencing January 1, 2011. The
project capital costs were compiled by M3 Engineering & Technology Corporation of Tucson,
Arizona (M3). The initial estimated capital costs are summarized as follows:

Additional capital requirements to expand the facilities above the 3,500 tpd rate include costs for the underground equipment and development required to access and extract the additional resources,

additional flotation and other mill equipment, including an additional ball mill for production rates above 4,500 tpd, and power generation equipment and installation for the expansion cases. Sustaining

capital over the remainder of the mine-life is estimated at $187.2 million for the 3,500 tpd case, $148.3 million for the 4,500 tpd case and $149.2 million for the 5,500 tpd case, including sustaining

development of the additional resources.

Operating Costs
M3, working closely with Tahoe management personnel, compiled the operating cost estimates. Operating cost estimates per tonne of ore processed are included in the PEA as follows:

Taxes and Royalties
In the first quarter of 2012, the new administration in Guatemalan and the Mining Industry Association agreed to general terms of a royalty agreement resulting in the industry voluntarily paying higher royalties on mineral production. Based on this agreement, royalties will increase from 1% to 4% of net revenues on precious metals and 3% on base metals. Royalties will be shared equally between the federal and local governments. The impact of this royalty increase has been included in the May 7, 2012 PEA. The Guatemalan legislature passed new tax legislation which will take effect in 2013. The new legislation will change the current standard income tax on gross revenues from 5% to 7%. Alternatively, the company may elect to pay income taxes amounting to 25% of net income. It is expected that limitations on allowable deductions will lead to the 7% gross revenue alternative which has been included in the May 7, 2012 PEA.

Project Status and Timeline
Development of the underground mine began in May 2011, following receipt of government approvals. A total of 1,475 meters of underground development has been excavated as of March 31, 2012. Development of the process plant and surface support facilities/infrastructure commenced following government approval of the project EIS in October 2011. Committed costs for the project as of March 31, 2012 totaled $166 million of which $104 million (capitalized and expensed) has been spent through March 31, 2012. The project is on budget and schedule to commence mill commissioning in the second half of 2013 and to reach commercial production in early 2014. Application for the exploitation permit, required for production from Escobal, has been made and all necessary requirements for approval have been met. The permit is expected to be received in the first half of 2012. The Company is actively pursuing the recommendations included in the May 2012 PEA and is continuing Escobal project development for the 4,500 tpd case.

About Tahoe Resources
Tahoe’s strategy is to develop the Escobal project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Tahoe is listed on the TSX (THO) and NYSE (TAHO) and is a member of the S&P/TSX Composite and TSX Global Mining indices. Tahoe filed a PEA for the Escobal project on SEDAR in November 2010, which described a proposed 3,500 tpd operation. A PEA for expansion of the operation to 4,500 and 5,500 tpd, as described in this news release is available on SEDAR. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

PEA Contributors
The Escobal PEA was conducted by M3 under the supervision of Conrad Huss, P.E., Daniel Roth, P.E., and Thomas L. Drielick, P.E. The updated resource estimate was completed by Mine Development Associates of Reno, Nevada under the supervision of Paul Tietz, C.P.G. Huss, Roth, Drielick and Tietz are Qualified Persons as defined by NI 43-101 and are independent of Tahoe Resources Inc. as defined in Section 1.5 of NI 43-101. Mr. Tietz verified the mineral resource data herein by conducting a site visit, which included verifying drill locations and survey data, reviewing sample handling, data collection procedures, and independent verification sampling; completing a full audit of the assay database and review of the QA/QC data; and analyzing core recovery and its relationship to metal grades. Metallurgical testing was performed at FLSmidth-Dawson Metallurgical Laboratories in Salt Lake City, Utah. Pakalnis & Associates of Vancouver, BC conducted the geotechnical analysis. Consultoria y Tecnologia Ambiental, S.A. of Guatemala City performed the environmental baseline work.

# # #

Qualified Person Statement

This news release has been reviewed by Conrad Huss, P.E, of M3, a Qualified Person as defined by NI 43-101.

Cautionary Note
The PEA for the Escobal project is preliminary in nature, in that it includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. The basis for the PEA is the Indicated mineral resources and Inferred mineral resources, which have an effective date of January 23, 2012. There is no prefeasibility or feasibility study in regards to the Escobal project.

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, and “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to as “forward-looking information”). Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s strategy to develop the Escobal project and for positioning the company as a whole. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s current AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Vice President Investor Relations
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Download the News Release (PDF)

VANCOUVER, B.C. (May 4, 2012) – Tahoe Resources Inc. (TSX: THO) is pleased to announce that its common shares have been authorized for listing on the New York Stock Exchange (NYSE) under the trading symbol “TAHO.” The Company will retain its listing on the Toronto Stock Exchange (TSX) in Canada under the trading symbol “THO.”

Tahoe shares will begin trading on Tuesday, May 8, 2012 when senior management from Tahoe will visit the NYSE to ring the opening bell.

Tahoe’s strategy is to develop the Escobal project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Tahoe is a member of the S&P/TSX Composite and TSX Global Mining indices. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

# # #

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s current AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Director Investor Relations
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Download the News Release (PDF)

Project fully-funded and on-track for 2013 mill commissioning

VANCOUVER, B.C. (March 9, 2012) – Tahoe Resources Inc. (TSX: THO) is pleased to announce financial results for the year ending December 31, 2011, and to update construction progress at its flagship Escobal project in Guatemala.  Significant results for 2011 include:

• Tahoe shares on the Toronto Stock Exchange closed the year at CAD$17.68 per share, up 20%, despite a silver price decline of 11% for 2011.
• Cash and equivalents at year end were $349.8 million.
• Net earnings/ (loss) for 2011 amounted to ($69.2 million) or ($0.48) per share.
• Cash outflow from operating activities amounted to $49.5 million.
• G&A amounted to $19.1 million, including non-cash share-based compensation of $10.7 million.
• Capital spending amounted to $43.4 million, consisting of property, plant and equipment purchases.
• Project development costs of $39.6 million were expensed in 2011.
• At December 31, 2011, the total project work force amounted to 428 employees, of whom more than 95% are Guatemalan.
• The project remains on schedule and budget for mill commissioning in the second half of 2013 and commercial production in 1Q 2014.

“Development progress on the Company’s first mine has been very encouraging,” said Kevin McArthur, Tahoe’s President and CEO. “The operating mine plan calls for 317 million silver ounces to be mined over 18 years and commercial production is planned for early 2014. The original capital estimate of $326.6 million is on-budget, the project is fully financed, and we hold a significant cash reserve should we encounter unanticipated start-up issues,” he added.

“We have seen impressive exploration results over the last year, indicating the potential for future mine expansion. In the second quarter of this year, we expect to update the mineral resource and to develop a plan to increase future throughput from the currently planned 3,500 tonnes per day (tpd) to 5,000 tpd. It is anticipated that the expansion plan would be financed with internal cash flow and completed within five years of mine start-up,” said Mr. McArthur.

Escobal Project Update
On February 15, 2011, Tahoe received approval for initial Escobal development, including two declines, a new access road, a power line into the property, and temporary facilities. On October 21, 2011, Guatemala’s Ministry of Environment approved Tahoe’s EIS clearing the way to commence construction of the process plant and permanent support facilities. An approved EIS is required to support the Company’s application for an exploitation permit.

In the third quarter of 2011 the Company submitted the approved EIS in support of its application for an exploitation permit to the Ministry of Energy and Mines (MEM), the government agency responsible for issuing exploitation permits.  MEM commenced its legal review of the Company’s exploitation application in the fourth quarter of 2011. The Company expects to receive the exploitation permit in the first half of 2012.

In late October 2011, Tahoe’s construction manager, M3 Engineering and Technology, began mobilizing contractors to commence earthwork and construction of the process plant and support facilities. Civil work is underway, foundations for the crushing plant and ball mill have been formed, concrete placement has begun and warehouse steel construction is well advanced. Upgrades to the San Rafael substation and on-site power lines and electrical distribution are nearly complete. Procurement for the mine and mill remains on schedule and budget, and major plant components have begun to arrive.

All underground equipment is on-site and decline development amounted to 750 metres in 2011. Advance rates were slightly behind schedule due to a late start in 2011 and soft rock conditions in the early portions of the excavations. Advance rates are now meeting expectations, and underground development is planned to be completed in time for mill commissioning in the second half of 2013.

As of December 31, 2011, the Company had incurred and/or committed $141.1 million towards the Escobal project. All long lead-time items have been ordered and the original capital cost estimate of $326.6 million remains unchanged.

Recent construction photographs can be viewed at the Company’s website at www.tahoeresourcesinc.com.

Management Changes
The Company is pleased to announce several management promotions. Ron Clayton has been appointed Executive Vice President & Chief Operating Officer for Tahoe Resources Inc. Sergio Saenz has been promoted to President of Minera San Rafael, Tahoe’s Guatemala subsidiary and Don Gray has been promoted to Vice President and General Manager. Ira Gostin has been appointed Vice President Investor Relations of Tahoe Resources.

Mark Sadler has joined the Company as Vice President Concentrate Sales and Marketing. Mr. Sadler comes from Glencore Ltd. Prior to his work with Glencore, he spent 18 years with Kennecott/Rio Tinto in a variety of management positions with a focus on finance and metals marketing. Mr. Sadler holds a BS degree in Accounting from the University of Utah, an MBA from Westminster College and is a member of the American Institute of CPA’s.

Year-End Financials
As of December 31, 2011, Tahoe had a total of $349.8 million in cash and cash equivalents with no debt. The Company expects this working capital is sufficient to fully fund project construction through commercial production. The audited financial reports and annual MD&A can be found on SEDAR at www.sedar.com or the Company’s website, www.tahoeresourcesinc.com.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas.  Tahoe is a member of the S&P/TSX Composite and TSX Global Mining indices.  A Preliminary Economic Assessment (PA) for the 3,500 tpd case has been filed on SEDAR and additional information is available on Tahoe’s website:  www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

# # #

Cautionary Note
PA’s are preliminary in nature and include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PA will be realized. For a full description of known risks that could materially affect potential development of the project, see the Company’s March 8, 2012 Annual Information Form for the year ended December 31, 2011 (“AIF”) under the heading “Risk Factors” which are incorporated by reference herein and are available on www.sedar.com under the Tahoe Resources profile.

Forward-Looking Statements This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s current AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Director Investor Relations
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Download the News Release (PDF)

VANCOUVER, B.C. (November 14, 2011) – Tahoe Resources Inc. (Tahoe or the Company)(TSX: THO) is pleased to announce new drilling results from the Escobal project in southeast Guatemala. This update demonstrates significant expansion of known mineralized zones and provides continued optimism for deeper geologic upside at the project.

“These drill results are very encouraging,” said Brian Brodsky, Tahoe’s Exploration Vice President. “Drilling along vein extensions in virtually all directions demonstrates that the Escobal mineralized system is much more extensive than previously thought,” he added. “Escobal is already one of the largest and highest grade silver deposits under development. We expect these findings will enhance the mine plan, which currently calls for 317 million silver ounces to be mined over the next 18 years,” said Mr. Brodsky.

Since the latest announcement of exploration drill results on June 8, 2011, a total of 61 holes for 29,588 metres were drilled, bringing project-to-date drilling to 113,174 metres in 348 holes. Currently, eight drill rigs continue to in-fill the known resource and further define extensions to Escobal mineralization. The zone is now over 2,200 metres in strike length and 1,200 metres from the top elevation in the east to the bottom elevation in the west Margarito zone. The trend remains open laterally to the east and west, as well as to depth.

Exploration results point to significant resource growth potential in several areas:

• Wide-spaced East zone drilling has extended known mineralization to more than twice the area defined in the prior published resource study. A newly discovered change in deep vein inclination offers substantial future exploration upside in the down-dip area previously thought to be of limited potential. This new development is described as a dilational jog similar to what has been observed in the Central zone.

• West zone step-out drilling continues to define the west Escobal and Margarito veins more than 500 metres from the limit of prior resource drilling. Recent deep drilling confirms the down-dropped fault offset of the Margarito vein in the extreme west portion of the area.

• In-fill drilling in the deep Central zone continues to enhance confidence in those areas previously categorized as Inferred Resource. A number of deep Central zone intercepts remain open to depth and form compelling targets for future deep underground drilling.

Extensional and in-fill drilling at Escobal is expected to continue at the current pace utilizing eight drills until year-end. All drilling completed by year end is planned to be incorporated into a new NI 43-101 resource study and Preliminary Economic Assessment (PA), which is expected to be finalized in the second quarter of 2012. The goal of the new PA is to produce a mine plan in excess of 20 million ounces of annual silver production over the majority of the mine life.

The 2012 exploration budget of $10 million was approved by the Tahoe Board of Directors in the November 2011 budget meeting. This amount will support continued step-out and in-fill definition drilling at Escobal, as well as drilling at priority regional targets. The Escobal drillhole database is available on our website at www.tahoeresourcesinc.com. Available data include all new drill results, drill long sections, plan map of vein occurrences and recent site photographs. The long section is included at the end of this press release.

West Zone – Margarito Vein Definition
In-fill and step-out drilling continues to increase confidence in the Margarito vein mineralization, first reported in the June 8, 2011 press release. A total of 15 drillhole intercepts now define the Margarito vein over a +500 metre strike length and +600 metre vertical range, open to the west and to depth. The zone continues to express characteristics similar to the Escobal vein, with a transverse northwest strike, a steep south inclination and wider intercepts than those observed along the western Escobal vein. Several drillholes, such as E-297 and E-305, intersected both Escobal and Margarito veins, demonstrating the spatial separation of the individual structures.

The Margarito vein is entirely preserved with upper barren vein giving way to significant mineralization at depths of 200-250 metres below surface. To the west, the vein is down-faulted approximately 150 metres, evidenced by displacement of andesite and limestone markers and upper-level mineralization in holes E11-304 and E11-312. This western area is a high-priority prospect targeted for deep drilling in 2012.

With respect to the deep west limestone reported in our last press release, additional deep drilling has not delineated continuous carbonate basement rocks. Limestone detected in several holes is thought to comprise relatively thin (~80m) lenses or wedges within the volcaniclasticsediment basement unit. A deep carbonate hosted target is still anticipated, further deep drilling is planned for 2012, utilizing a specialized deep drill.

Table 1 – West Zone Highlights

Central Zone
Recent drilling in the deep Central zone was designed to add definition and convert a large portion of the PA resource from the inferred to the indicated category. Seven drillholes were completed since the last project update. Generally, in-fill holes appear to corroborate resource modeling. High-grade results (E-322) encountered in the deep portion of the zone extend mineralization 100 to 150 metres deeper than originally defined by earlier drilling. These deeper reaches of the zone remain open and will be further explored through underground drilling as the current West decline development progresses.

Table 2 – Central Zone Highlights

East Zone
Eleven new holes have extended the East zone 300 metres east to a total 800 metre strike length and 300 metres down-dip to a total 500 metre vertical range. Additionally, subsequent drilling in the area directly below the initial resource area (E-311, E-315) has demonstrated that the typical south-dipping vein transitions to a dilational jog similar in character, rock type and elevation as found in the Central Escobal zone. Additional drilling is currently underway to further assess open vein continuity to the east, west and to depth.

Table 3 – East Zone Highlights

Regional Exploration
Given encouraging drillhole and assay results, exploration priority throughout 2011 to-date has been assigned to the Escobal vein area. Regional exploration drilling is now expected to commence during the fourth quarter of 2011, as Escobal construction and site development activities accelerate.

Regional work is scheduled to start at the Varejones project, located 25 kilometres east of Escobal. At Varejones, three separate sub-parallel veins of similar grade and character to Escobal have been identified along a 3,000 metre long trend. The Company received environmental permits for planned drilling, entered agreements with surface owners and made road improvements and site preparations at Varejones. A portable core drill has been scheduled for startup in December and initial drill results are expected early in 2012.

National Election Results
On November 6, Guatemala held its presidential run-off election in Guatemala. Otto Perez Molina of the conservative Partido Patriota was elected and will be inaugurated on January 14, 2012. Mr. Perez ran primarily on a platform of law and order, and is expected to be supportive of business and responsible natural resource development. Since the end of the Civil War in 1996, Guatemala has experienced peaceful, democratic transitions of power with the election of a new president every four years.

Escobal Development Update
On February 15, 2011, Tahoe received approval for enhanced exploration and development activities at Escobal, including development of two declines, completion of a new access road and power line into the property, and construction of temporary facilities to support underground exploration. On October 21, 2011, Tahoe received approval of its Environmental Impact Statement (EIS) approval, clearing the way to commence construction of the process plant and supporting facilities. Applications have been filed with the Ministry of Energy and Mines (MEM) for the Escobal exploitation license, which is required prior to production start-up.

In late October 2011, Tahoe’s EPCM contractor, M3 Engineering and Technology, began mobilizing contractors to commence earthwork and construction of the process plant and associated support facilities. Miner training is ongoing and advance in the declines is progressing. A total of $83.1 million has been committed to-date toward the construction of the project, including $27.8 million for mine development and production equipment and $37 million for major process plant equipment. Mining equipment began arriving in May and the first major process plant components are expected to arrive early in 2012. All long lead-time items have been ordered and the original capital cost estimate of $326.6 million remains unchanged. As of September 30, 2011, the Escobal project employed a total of 365 people, of whom 95% are Guatemalan.

Third Quarter Financials
As of the end of the third quarter of 2011, the Company had a total of $382.6 million in cash, cash equivalents and term deposits and no debt. The Company expects this working capital is sufficient to fully fund project construction. First silver production is anticipated in the second half of 2013, with commercial operations expected in the first quarter of 2014.

The Company’s financial reports and MD&A for Q3 2011 can be found on SEDAR at www.sedar.com or the Company’s website, www.tahoeresourcesinc.com.

Quality Control and Assurance
Exploration drill samples were prepared by BSI Inspectorate Laboratories in Guatemala City and analyzed by BSI Inspectorate Laboratories in Reno, Nevada. A Quality Control program of blind reference standards, blanks, and duplicates is used to monitor the integrity of the analytical results, with duplicate assaying performed by ALS Chemex in Vancouver, BC and Reno, Nevada. Metallurgical sample analyses were completed by ALS Chemex, with additional duplicate analyses performed by FLSmidth Dawson Metallurgical in Salt Lake City, Utah.

All exploration samples are from diamond drill core that is sawn in half at regular sample intervals or based on geologic and mineralogic contacts. Metallurgical samples use whole drill core. Gold is analyzed by fire assay with atomic absorption (AA) finish; silver is analyzed by digestion/AA, with higher grade samples repeated using metallic screen fire assay methods. Lead and zinc are analyzed by induced coupled polarization or by digestion/AA, with high grade samples repeated using titration methods.

Estimated true vein widths presented above are calculated from drilled intercept lengths and the angles of intersection between drill holes and veins. Assay results presented are the in situ metal grades, with no cutting of high grades and no metallurgical recoveries applied.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Tahoe is a member of the S&P/TSX Composite and TSX Global Mining indices. A PA for the 3,500 tpd case has been filed on SEDAR and additional information is available on Tahoe’s
website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

###

Qualified Person Statement
This news release has been reviewed by Charles Muerhoff, Licensed Geologist and Technical Services Director for Tahoe Resources Inc., a Qualified Person as defined by National Instrument 43-101.

Cautionary Note
PA’s are preliminary in nature and include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PA will be realized. For a full description of known risks that could materially affect potential development of the project, see the Company’s March 3, 2011 Annual Information Form for the year ended December 31, 2010 (“AIF”) under the heading “Risk Factors” which are incorporated by reference herein and are available on www.sedar.com under the Tahoe Resources profile.

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forwardlooking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forwardlooking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Director Investor Relations
investors@tahoeresourcesinc.com
Tel: 775-448-5807

Download the News Release (PDF)

VANCOUVER, B.C. (June 20, 2011) – Tahoe Resources Inc. (TSX: THO) is pleased to announce that the Company has been included in the S&P/TSX Composite Index and the S&P/TSX Global Mining Index, both effective at the open of market today. Inclusion is based on market capitalization and liquidity tests.

The S&P Indices, the world’s leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor’s family of indices.

Tahoe is a premier exploration company developing the 100% owned Escobal Project in Southeast Guatemala and is positioned to be a leading silver producer with high quality, low cost assets in the Americas. A Preliminary Economic Assessment (PA) for the Escobal Project has been filed on SEDAR and additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

# # #

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Fax: 775-562-8888

Download the News Release (PDF)

VANCOUVER, B.C. (June 8, 2011) – Tahoe Resources Inc. (TSX: THO) is pleased to provide an update to 2010 and 2011 drilling results in the East and Central zones and in veins proximal to the Escobal project. Since the last exploration update in September 2010, 49 holes have been drilled on the project, bringing project drilling to 277 holes for a total of 82,765 metres of core.

Wide-spaced step-out drilling to the east and the west ends of the Escobal vein has identified considerable resource expansion potential. Observed mineralogy and physical characteristics of new drill core are similar to those of the main Escobal vein tested to date, suggesting that the current Escobal mill design should be able to accommodate this potential resource growth.

An in-fill drilling campaign in the East and Central zones was completed early in 2011 to enhance resource confidence, provide core for further metallurgical testing and conduct hydrological investigations. Metallurgical variability testing is ongoing which indicates satisfactory results to date.

The Company has also commenced a regional exploration campaign, in which it expects to drill three target areas in 2011.

Margarito Zone Discovery
Recent drilling in the west Central zone has identified a second zone of wide veining north and west of the Escobal vein. This new Margarito zone is a west-northwest trending splay of the Escobal vein that is mapped in outcrop some 100 metres north of the Escobal structure. The character of Margarito vein mineralization appears to be similar to that of Escobal. The zone is distinguished by a west to northwest trend, a steep southerly dip and impressive size, up to 48 metres in true width. A plan map showing vein occurrences at Escobal is available on our website at www.tahoeresourcesinc.com.

Four drillholes (one with pending assays) have identified Margarito zone mineralization 375 metres west of and contiguous to drillholes reported in the November 29, 2010 Central zone resource update. The Margarito zone remains open to depth and to the west where evidence of range-front faulting appears to down-drop the zone to the west by approximately 200 metres. Infill drilling is currently underway and deeper drilling to the west is planned in the near future.

In a new and possibly significant development, deeper drilling to the west on the Central zone has recently encountered limestone below the volcaniclastic-sediment package that hosts the lower Escobal vein. This opens the potential for bulk-tonnage carbonate replacement style mineralization. A deep-capacity drill has been brought to the project and has recently commenced the first hole designed to explore for deep carbonate-hosted targets.

Significant results of Margarito zone drilling are as follows:

(Silver Equivalent grade calculated with following metal prices: $ 18/oz Ag, $ 1100/oz Au, $0.95/lb Pb, $0.90/lb Zn)

Central Zone Drilling
The Central zone accounts for the largest contribution to the current Escobal resource, due to wide veins and high grades. Since the current resource was published in November 2010, a total of 14 step-out drillholes and 10 in-fill (metallurgical) holes have been completed in the zone. In-fill drilling has corroborated earlier exploration results while step-out drilling illustrates extension of Central zone mineralization to depth. Additional extensional drilling below the Central zone will be carried out through a deep surface drill program and underground drilling as decline development advances throughout the year.

Recent drilling has identified a significant intercept in the Beto vein, a southeast trending splay off the Central zone Escobal vein. However, mineralization along this structure is erratic and more drilling is required to delineate vein extension and continuity laterally and at depth.

Significant results of Central zone drilling are as follows:

(Silver Equivalent grade calculated with following metal prices: $ 18/oz Ag, $ 1100/oz Au, $0.95/lb Pb, $0.90/lb Zn)

East Zone Step-out Drilling
Twelve recent step-out drillholes in the East zone have successfully extended mineralization 300 metres east and 300 metres to depth from the limit of previous drillhole intercepts. The East zone now covers an area roughly 600 meters laterally by 600 metres vertically and remains open to the east and to depth. The structure also remains open to the west, though grade and width appear to diminish in this direction. Additional drilling is planned to the east and directly below the East zone resource to explore for untested ore shoots.

Several drillholes in the East zone have intersected the Areneras vein, a northeast trending secondary structure that forms a splay of the East Escobal vein. Mineralization in the upper reaches of the Areneras vein show moderate grade (100-200 g/t Ag). Drilling is planned later this year to explore at depth where the structure remains untested.

Significant results of East zone drilling are as follows:

(Silver Equivalent grade calculated with following metal prices: $ 18/oz Ag, $ 1100/oz Au, $0.95/lb Pb, $0.90/lb Zn)

Regional Exploration
A regional drilling program has commenced, with first-pass drilling planned for three target areas this year.

The Morales project, a base metals vein system surrounding an historic copper, lead and zinc mine that operated in the late 1800s, was the focus of regional drilling earlier this year. The first three holes drilled at Morales were targeted below the mine workings and surface outcrops with significant base metal and silver values. These drillholes intercepted wide zones of alteration and narrow veins demonstrating moderate silver and base metal anomalies. As assays returned less than significant results, drilling was suspended while additional drill targets are evaluated.

Drilling is in the planning stages for the San Nicolas target, approximately 13 km northwest of Escobal. San Nicolas is a high-sulfidation gold target where a 1.5 square km zone of silicification is associated with a low-level gold anomaly. Drilling is designed to test this large alteration zone as well as select vuggy silica zones that exhibit high-grade gold (to 30 g/t Au) in outcrop.

Drilling at the Varejones target, 25 km to the east of Escobal, is expected to commence late in the third quarter. Varejones is an area of prolific epithermal veining with alteration, mineralization and grades similar to the Escobal deposit. Three separate veins have been identified to date at Varejones, covering a three km strike length. Preliminary drilling results from San Nicolas and Varejones are expected to be available late in the fourth quarter.

2011 Exploration Plan
Excluding underground drilling that will commence in late 2011, surface drilling during the year is expected to amount to 68,000 metres, with approximately 8,000 metres targeted to the regional program. Brian Brodsky, Vice President Exploration, stated, “We are very excited with exploration results to date. Metallurgical, geotechnical and hydrological studies for project development consumed most of our time in 2010, and now that step-out and regional programs are underway, we are again seeing potential for resource growth at Escobal.” Mr. Brodsky added, “The discovery of the Margarito vein and the shallower than expected lower limestone unit on the west end of Escobal are significant developments that open up exciting new possibilities. Deeper drilling is now underway with a higher-capacity drill to fully explore these zones.”

Currently, Tahoe employs seven drill rigs in the Escobal project. The Board of Directors recently authorized doubling the 2011 exploration budget to $12 million in order to further explore recent results and to develop projects of merit.

An updated Escobal drillhole database, including all new drilling results, a long section, a plan map of the vein occurrences and recent site photographs are available on our website at www.tahoeresourcesinc.com.

Escobal Development Update
On February 15, 2011, Tahoe received approval for enhanced exploration and development activities at Escobal, including development of two declines into the East and Central zones, construction of a new access road and powerline into the property and establishment of various temporary facilities. Since that time, training of underground miners has commenced, the new road is underway, the east and west portals have been established and temporary facilities constructed. A total of $11.6 million in underground equipment has been ordered, including three 45 tonne trucks, four 9 cu yd loaders, three twin boom jumbos, three rock bolters and other miscellaneous support equipment. A portion of this equipment has already arrived on site, and on May 6, blasting in the East decline commenced. During 2011, Tahoe expects to complete approximately 1,900 metres of exploration decline.

M3 Engineering out of Tucson, Arizona has been contracted to perform engineering, procurement and construction management (EPCM) activities for the Escobal project. Final design for the 3,500 tonne per day (tpd) mill and tailing facilities is well underway, the primary, secondary, and tertiary crushing units, ball mill, hydro-cyclones, rougher flotation cells, and tailings filters have been ordered, and further orders for mining and milling equipment are expected soon.

Given the exploration success to date at Escobal, M3’s scope of work includes expansion of the process plant throughput to maintain production at a minimum of 20 million ounces of silver annually. The mine and crushing plant are being designed to accommodate up to 5,000 tpd of ore mining capacity. The process plant has been designed with room for modular expansion by adding parallel grinding, flotation and filtering lines. The capital estimate for the 3,500 tpd operation, including the above considerations remains $326.6 million. Cost details for modular expansion to higher throughput levels have not been engineered, but have been estimated to be in the $50 to $60 million range.

Tahoe ended the first quarter of 2011 with $448 million in cash and zero debt. The Company remains extremely well-funded to carry out exploration programs, to move Escobal development forward and to consider expansion plans. Full mine construction is expected to commence in May 2012, subject to acquisition of all necessary permits. Production is projected for late 2013 with commercial production being reached in early 2014.

Quality Control and Assurance
Exploration drill samples were prepared by BSI Inspectorate Laboratories in Guatemala City and analyzed by BSI Inspectorate Laboratories in Reno, Nevada. A Quality Control program of blind reference standards, blanks, and duplicates is used to monitor the integrity of the analytical results, with duplicate assaying performed by ALS Chemex in Vancouver, BC and Reno, Nevada. Metallurgical sample analyses were completed by ALS Chemex, with additional duplicate analyses performed by FLSmidth Dawson Metallurgical in Salt Lake City, Utah.

All exploration samples are from diamond drill core that is sawn in half at regular sample intervals or based on geologic and mineralogic contacts. Metallurgical samples use whole drill core. Gold is analyzed by fire assay with atomic absorption (AA) finish; silver is analyzed by digestion/AA, with higher grade samples repeated using metallic screen fire assay methods. Lead and zinc are analyzed by induced coupled polarization (ICP) or by digestion/AA, with high grade samples repeated using titration methods.

Drill widths presented above are estimated true vein widths calculated from the angles of drill holes and vein intercepts. Assay results represent the in situ metal grades, with no cutting of high grades and no metallurgical recoveries applied.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. A Preliminary Economic Assessment (PA) for the 3,500 tpd case has been filed on SEDAR and additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

- Photo Gallery
- Long Section
- Vein Map

# # #
Qualified Person Statement
This news release has been reviewed by Charles Muerhoff, Licensed Geologist and Technical Services Director for Tahoe Resources Inc., a Qualified Person as defined by National Instrument 43-101.

Cautionary Note
The PA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Preliminary Assessment will be realized. For a full description of known risks that could materially affect potential development of the project, see the Company’s March 3, 2011 Annual Information Form for the year ended December 31, 2010 (“AIF”) under the heading “Risk Factors” which are incorporated by reference herein and are available on www.sedar.com under the Tahoe Resources profile.

Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to Tahoe’s plans for exploration and studies at the Escobal project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s AIF available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Fax: 775-562-8888

Download the News Release (PDF)

Vancouver, B.C. (May 3, 2011) – Tahoe Resources Inc. (TSX: THO) is pleased to announce the election of Tanya Jakusconek to the Company’s Board of Directors. Ms. Jakusconek is a highly regarded precious metals analyst who covers mining companies in North America, and has been honoured on numerous occasions as the “TopGun Analyst” in the precious metals and diamonds sector for Canada. For the past decade she has been rated among the top three analysts in the sector by Brendan Wood International.

Ms. Jakusconek has a B.Sc. in Geology, and an M.Sc. Applied (MINEX) both from McGill University. She most recently held the position of Director of Equity Research-Precious Metals Analyst at the National Bank Financial. Ms. Jakusconek resides in Toronto.

Tahoe has released financials for 1Q 2011. The Company ended the first quarter 2011 with working capital of $442 million, compared to $433.9 million as at December 31, 2010. The complete set of the Company’s unaudited consolidated financial statements and the MD&A for the 1Q 2011 will be posted today on SEDAR at www.sedar.com and Tahoe’s website.

In other Company news, the Board of Directors approved an exploration budget increase from $6 million to $12 million, expanding planned drilling to 65,000 metres for the year. Tahoe plans to employ seven surface drill rigs on-site through the remainder of 2011. Work is underway to commence driving the East and West development declines into the Escobal vein system. The first twin boom jumbo is being commissioned and blasthole drilling and tunneling in the decline areas is scheduled by mid-month. Recent Escobal construction photos are posted on Tahoe’s website.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

# # #

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Fax: 775-562-8888

Download the News Release (PDF)

The Company initially adopted a Shareholder Rights Plan effective March 3, 2011 (the “Initial Rights Plan”). Based on comments received from ISS, the Company has made certain non-material, technical amendments to the Initial Rights Plan and as a result has adopted an amended Shareholder Rights Plan effective April 1, 2011 (the “Amended Rights Plan”). A copy of the Amended Rights Plan is available on SEDAR at www.sedar.com, and a blackline copy of the Amended Rights Plan, showing the changes made to the Initial Rights Plan, is available on Tahoe’s website at www.tahoeresourcesinc.com. At the Meeting, shareholders will be asked to consider and vote upon, among other things, a resolution to approve the Amended Rights Plan, which has replaced the Initial Rights Plan.
The Amended Rights Plan has not been instituted in response to any proposal to acquire control of Tahoe, nor is Tahoe aware of any such proposals.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

Download the News Release (PDF)

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Forward Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes Tahoe’s plans for the Escobal Project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s annual information form available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Fax: 775-562-8888

The Rights Plan provides Tahoe’s board and shareholders with additional time to evaluate any unsolicited takeover bids and provides the board with adequate time, where appropriate, to seek out alternatives to maximize shareholder value. The Rights Plan is effective immediately and is subject to approval by shareholders at the annual meeting of Tahoe shareholders to be held on May 2, 2011. Tahoe believes the Rights Plan is consistent with current institutional investor guidelines.

The Rights Plan has not been instituted in response to any proposal to acquire control of Tahoe, nor is Tahoe aware of any such proposals. A copy of the Rights Plan is available on SEDAR at www.sedar.com.

About Tahoe Resources Inc.
Tahoe’s strategy is to develop the Escobal Project into a profitable mining operation and to position itself as a leading silver producer with high quality, low cost assets in the Americas. Additional information is available on Tahoe’s website: www.tahoeresourcesinc.com.

Tahoe’s shares are traded on the Toronto Stock Exchange under the symbol THO.

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Forward Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements.” Wherever possible, words such as “plans,” “expects,” or “does not expect,” “budget,” “scheduled,” “estimates,” “forecasts,” “anticipate” or “does not anticipate,” “believe,” “intend,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. In particular, this news release describes future events and conditions related to the expected effects of the Rights Plan and Tahoe’s plans for the Escobal Project. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions on the date of this news release. These are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, Tahoe’s ability to carry on exploration and development activities, the timely receipt of required approvals, the price of silver and other metals, Tahoe’s ability to operate in a safe, efficient and effective manner and Tahoe’s ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Tahoe’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, many of which are beyond the Company’s control. These factors include, but are not necessarily limited to, results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, receipt of licenses to conduct mining activities, country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and industry conditions. There is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on this information. Tahoe does not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. For more information about the risks and challenges of Tahoe’s business, investors should review Tahoe’s prospectus available at www.sedar.com.

For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Business Director
investors@tahoeresourcesinc.com
Tel: 775-448-5807
Fax: 775-562-8888